Economic Update – October 2020

On October 6th the Government will outline one of the most important Federal Budgets in living memory.

The biggest government stimulus program since WWII has resulted in a budget deficit of $85.3 billion in the 2019/20 FY, with more spending on the cards to drive economic growth.

The Reserve Bank has kept the cash rate at its current record low of 0.25%.

Please get in touch if you’d like assistance with your personal financial situation.

Disclaimer: The information in this article is general in nature and does not take into account your personal circumstances, financial needs or objectives. Before acting on any of the information you should consider the appropriateness of the relevant product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant Product Disclosure Statement or other offer document prior to acting on any financial product or implementing any financial strategy.

Liked this article? Share it!

perron-e-book

The 5 biggest mistakes made with money...
and how to avoid them

Enter your email to receive our free ebook and learn how to take control of your money.